A wallet suspected to be related to Genesis Trading transferred 30 thousand ETH within 14 hours, possibly indicating a sell-off.

According to TechFlow news on March 4, on-chain analyst Lookonchain (@lookonchain) monitored that a whale wallet holding over 110 thousand $ETH (approximately 235 million USD) is suspected of selling ETH.

In the past 14 hours, this wallet has transferred 30 thousand $ETH (approximately 68.55 million USD) to FalconX and Galaxy Digital and received 7.76 million USDC from FalconX. This wallet may be related to Genesis Trading.